More to Trinidad’s benefit
By Cheddi Weekes | Fri, July 20, 2012 - 12:00 AM
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I agree with Ricky Jordan (DAILY NATION of July 9) on what he had to say on the ongoing saga with Trinidad and Tobago.
Ambassador Bobby Morris made me feel ashamed when he referred to Trinidad as doing us a favour by bringing its various business interests to Barbados.
I would like Mr Morris to know that Trinidad and Tobago has benefited greatly, being able to operate in a relatively stable economy despite the world recession; being able to operate in an environment with low crime in comparison to its own; being able to generate meaningful revenue, given that our dollar is stronger than its own.
Mr Morris said if it wasn’t Trinidad, it would be the United States, Canada or England. The reality of the situation is that we know what to expect from these other countries.
But it can be very difficult and misleading for someone to say he is your friend but treat you like a foe. This type of behaviour has manifested itself in the problems Pine Hill Diary has encountered and in the more outstanding fishing agreement.
As for the Republic Bank, if Trinidad and Tobago owns the bank, it should carry its full name. Barbados is not a republic; Trinidadians would not find favour with a bank called the Monarchial Bank of Trinidad And Tobago if it was the other way round.
Trinidad doesn’t need to camouflage its dominance and at the same time offer pity by allowing us to stick our name at the end of the bank’s name sign.
Our leaders need to be much stronger and less passive. We must be more hesistant in signing on to every request, and scrutinize situations just like some of the other islands do.
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- Posted by J. Payne 10 months ago
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(Quote) "Monarchial Bank of Trinidad And Tobago"(end Quote)
Comment LinkWouldn't it be Royal Bank of Barbados - RBB? Anyway I don't know why people are so caught up in this banks name. If a name is soo important someone in Barbados can establish a next bank with the Barbados name. Perhaps The New Barbados Bank of Commerce (2013) Ltd. (NBBC), or Bank of Barbados (2013) Ltd. (BOB). Government entities in T&T operate competitively, they expand into new markets even, I'm surprised TSTT hasn't tried to launch in Barbados as yet. First Citizens Bank of T&T which is owned by the government there purchased the subsidiary in Barbados from Butterfield. When last a Barbados government entity made an acquisition outside of Barbados to obtain economy of scale? Don't hate the Trinis because they see opportunity. Learn to play their game...
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